Ameren Co. (NYSE:AEE) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its holdings in shares of Ameren Co. (NYSE:AEE) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,406 shares of the utilities provider’s stock after buying an additional 338 shares during the period. Tectonic Advisors LLC’s holdings in Ameren were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEE. Mirae Asset Global Investments Co. Ltd. raised its stake in Ameren by 38.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,367 shares of the utilities provider’s stock valued at $2,195,000 after acquiring an additional 6,803 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Ameren by 86.2% during the fourth quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 250 shares during the period. abrdn plc raised its stake in shares of Ameren by 11.3% during the fourth quarter. abrdn plc now owns 125,658 shares of the utilities provider’s stock valued at $11,153,000 after purchasing an additional 12,747 shares in the last quarter. Jennison Associates LLC lifted its holdings in Ameren by 42.1% in the fourth quarter. Jennison Associates LLC now owns 1,469,037 shares of the utilities provider’s stock worth $130,950,000 after purchasing an additional 434,889 shares during the period. Finally, CENTRAL TRUST Co grew its position in Ameren by 1.3% in the 4th quarter. CENTRAL TRUST Co now owns 26,984 shares of the utilities provider’s stock valued at $2,405,000 after buying an additional 340 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Insider Activity at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Ameren Stock Performance

Shares of NYSE AEE opened at $96.63 on Thursday. The stock’s fifty day simple moving average is $91.36 and its 200 day simple moving average is $87.39. The stock has a market capitalization of $25.79 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.90 and a beta of 0.49. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $97.29.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEE. Barclays downgraded shares of Ameren from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $88.00 to $95.00 in a research report on Monday, January 27th. Morgan Stanley boosted their target price on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and increased their price target for the company from $89.00 to $104.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price objective on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.